Mullaperiyar dam is deteriorating, construct a new one: Kerala govt to SC

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New Delhi, Oct 28 | The Kerala government, insisting on construction of a new dam, told the Supreme Court that the 126-year-old Mullaperiyar dam, which is a composite gravity dam, is in a deteriorating condition due to age and it should be decommissioned.

In a note, the Kerala government said: “The catchment area of Mullaperiyar reservoir is 624 sq km. The gross storage capacity is only 12.758 TMC ft at 142 ft. Mullaperiyar therefore is exceptionally vulnerable because it has a large catchment area and limited storage capacity”.

The government further added the water level in the Mullaperiyar reservoir increases rapidly compared to Idukki which has a catchment area of 650 sq km and having a capacity of 70.5 TMC ft.

The state government emphasized that consequences of any failure of this dam could be extremely catastrophic and beyond human imagination. “The apprehensions of the government of Kerala regarding the life and safety of more than 30 lakh people of 5 districts residing downstream of the dam has to be given due importance and consideration”, said the government.

It further added, “seismic forces were not considered in its design. In spite of strengthening measures taken twice, presently the dam is in deteriorating condition due to its age. There would be an exponential increase in the water pressure and uplift pressure acting on the dam when the water level is raised from 136 ft to 142 ft (i.e. from 859.167 to 936.648 tonnes per meter length of the dam)”.

It added, the coming monsoon that is to set off during this week too would likely affect the inflow into the dam, and reiterated its stand to increase the outflow to the maximum possible extent.

The state made it clear that the logical next step is construction of a new dam to ensure water to Tamil Nadu and security to people living downstream and to decommission the existing dam.

The top court is hearing a plea by the Kerala government to ensure that water level is not allowed to exceed 139 feet. In 2018, the Supreme Court passed an order to maintain water level at 139 feet during the Kerala floods as a temporary arrangement.

Citing the recent torrential rains which led to increase in water level in the dam’s reservoir, the Kerala government asked for a similar relief.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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